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The LMA Wordings Forum has revealed it has drafted a ‘cold zone variant’ of its model exclusion wording, which would make it easier for underwriters to cover construction projects in the nuclear sector, a move prompted by recent growth in the construction of nuclear power stations and a requirement to make wordings more appropriate for the nuclear industry of the future. 14 March 2017
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, intends to redomicile its insurance company from the UK to Luxembourg. 8 December 2017
Insurance
AXIS Capital Holdings has said its preliminary pre-tax loss estimate for Hurricane Michael will be in the range of $100 million to $120 million, net of estimated recoveries from reinsurance and retrocessional covers and including the impact of estimated reinstatement premiums. 9 November 2018
Insurance
Insurance Europe has criticised proposals from the International Association of Insurance Supervisors (IAIS) for a new framework for identifying and managing systemic risk in the insurance sector. 29 January 2019
Insurance
Charles Taylor-managed The Standard Syndicate 1884 has been given the green-light to underwriter marine and energy insurance covers in Asia. 12 June 2015
Insurance
Specialist Lloyd’s insurer Neon has selected TigerRisk Partners’ TigerEye platform as its pricing and roll-up tool to support its growth in the property reinsurance marketplace. 7 July 2016
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has unveiled plans for Lloyd’s insurer Novae’s Zurich-based credit and surety reinsurance team to transfer to LSM 13 September 2015
Insurance
The US National Flood Insurance Program’s (NFIP’s) reinsurance purchase in 2017, in which many European reinsurers participated, represented a good deal for the US government and it should look to purchase more limit in 2018. 23 October 2017
Insurance
Barbican Insurance Group has appointed Emma Watson as class underwriter for property treaty from CNA Hardy. 4 December 2018
Insurance
Validus Specialty, a member of American International Group (AIG), has hired a senior JLT executive to lead its US political risk and credit insurance team based in New York. 6 November 2018
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